Posted by forex at 12:48 AM
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1. Ask your bank. Bank rates are lower than rates in other places such as currency dealers.
2. Go online and look for the exchange rate for the British pound and then the exchange rate for the U.S. dollar.
3. Calculate the equivalences. Multiply the amount of pounds you have to the exchange rate for one U.S. dollar. For instance, given that the exchange rate for the U.S. dollar to the British pound is $1 equals £1.5248 and £1 equals $0.656774, if you have £20, multiple it by 1.5248 to get the dollar value: $30.496.
4. Use a website that has a currency calculator. The conversion results appear in a matter of seconds. Verify that the exchange rate, using one of the methods provided in a previous step, is accurate.